Macquarie Group Ltd. increased its holdings in shares of Huntsman Corporation (NYSE:HUN) by 188,146.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,543 shares of the basic materials company’s stock after acquiring an additional 231,420 shares during the quarter. Macquarie Group Ltd. owned about 0.10% of Huntsman Corporation worth $5,983,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of HUN. Vanguard Group Inc. boosted its stake in Huntsman Corporation by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after purchasing an additional 1,528,072 shares during the period. BlackRock Inc. lifted its position in shares of Huntsman Corporation by 9.2% during the 2nd quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after acquiring an additional 939,083 shares during the period. Farallon Capital Management LLC bought a new stake in shares of Huntsman Corporation during the 2nd quarter valued at $140,053,000. JPMorgan Chase & Co. lifted its position in shares of Huntsman Corporation by 90.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,391,025 shares of the basic materials company’s stock valued at $139,304,000 after acquiring an additional 2,559,069 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Huntsman Corporation by 119.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock valued at $124,269,000 after acquiring an additional 2,615,454 shares during the period. 75.01% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Huntsman Corporation (NYSE HUN) opened at 30.50 on Friday. Huntsman Corporation has a 12 month low of $16.25 and a 12 month high of $30.93. The company’s 50 day moving average price is $27.93 and its 200 day moving average price is $26.10. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 17.29 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, equities analysts expect that Huntsman Corporation will post $2.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.68%. Huntsman Corporation’s dividend payout ratio is currently 28.41%.
A number of research firms have recently weighed in on HUN. KeyCorp upgraded Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research report on Monday, July 24th. BidaskClub cut Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. UBS AG boosted their price target on Huntsman Corporation from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Nomura boosted their price target on Huntsman Corporation from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman Corporation in a report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.60.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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